House buying and what to offer...

SMW87

Can I guess the estate agent is UPS?......

SMW87

Old_Git wrote: »

how do you know the selling prices in Northern Ireland ?

I thought the same! Though zoopla can sometimes be good at finding for sale history, not the actual price it went for though

nemofin

No, I'm not annoyed that the vendor wants more for her property, I would too! I know she bought it for £149950 in August last year as the advertising brochure was still on Google and I rang the old agent selling it, and they told me that's what it sold for. If the market hasn't increased substantially, and she hasn't completed any significant work to the property, I just don't think it's worth the asking price so will put in a lower offer.

Lol no, not UPS, just a local agent to the area, but generally overprice too lol

nemofin

If you go to LPSNI . Gov you can type in any address in NI and access valuations. Some may be outdated, but they are updated everytime a property sells, and in the new financial year.

michelle2008

I think that's the ratable value - which is based on 2005 prices. They are only updated if the house is extended - therefore increasing the amount of rates you pay.

They were quite rough estimates at the time (2007). While any changes take effect at the start of the financial year, this is only for alterations or new build.

As far as I am aware, changes are not made every time a property sells (as this would not impact is 2005 valuation).

I would love an online register of sale prices! I am so nosey!!!

hazyjo

I wouldn't judge it on the last quarter - it was winter, Christmas, etc and there were likely to be fewer sales. Has it really not gone up that much in three years? Doesn't sound at all unrealistic to me, but then I'm in London (and mine has nearly doubled in price in three years!).


New builds generally command a premium. I'm not surprised it sold for the same price a couple of years later for the same price.


Definitely worth a low offer though - but if they think it's worth that, be prepared for them not to accept. If you're convinced it's overpriced and nobody will pay that, give them time to realise it. They are likely to drop the price in a couple of months to £160k-ish. You could then go in at say £150k.


I very much doubt they will want to sell for the price they paid 3 years ago though - unless still in recession there. It costs a bloody fortune to move, and in this market I would expect some price increase!

Jx

Hoploz

How does it compare to other similar properties? I assume you have viewed others at a similar price, but this one is better which is why you want to buy it?

martindow

brodawel wrote: »

I'm questioning why they are selling it so soon. Did they buy it last August just to do up and sell on, if so then that's ok. Make sure there's nothing more sinister like neighbours from hell or whatever.

I also would be suspicious where there have been several quick sales and would not be consoled by the explanations given. The sellers are not going to volunteer the real reasons for moving if there are problem neighbours or something else making life intolerable in this house.

brodawel

hazyjo wrote: »

I very much doubt they will want to sell for the price they paid 3 years ago though - unless still in recession there. It costs a bloody fortune to move, and in this market I would expect some price increase!

Jx

The OP said it also sold again last August so I think he or she is only questioning the price increase since then.

Prices have dropped in many areas. Where I am they've dropped 7% this last year according to Rightmove at least, yet new instructions are coming on loads higher, crazy prices but nothing is selling, they are reducing the prices after a few months but still not selling.

QueenieJ

What area is the house in? ('m fellow NI'er)